Business | General
UAE denies reports on tobacco duty
The Federal Customs Authority has denied reports that it intends to increase customs duties on tobacco products by 200 per cent.
- WAM
- Published: 23:43 August 20, 2008
Abu Dhabi: The Federal Customs Authority has denied reports that it intends to increase customs duties on tobacco products by 200 per cent.
"It is not the responsibility of the authority to take such a decision according to the law of its establishment," said Saeed Bin Khalifa Al Merri, deputy director of the authority.
Al Merri was reacting to reports that UAE was planning a 200 per cent increase in customs duties on tobacco. He said this was a suggestion presented by Saudi Arabia, and a meeting of Customs Union Committee on Sunday will discuss it.
Share this article
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
It costs a million to raise a child
Generation Z doesn't leave home at 18, but stay with the parents until mid-20s
-
Investing in funds doesn't come cheap
Many people are unaware of the effect of different expenses on their returns
-
Firm turns televised events into marketing dream
Drops anchor in Dubai to sell world's richest yachting races
